Envestnet Asset Management Inc. Sells 674 Shares of Columbia Sportswear (NASDAQ:COLM)

Envestnet Asset Management Inc. trimmed its position in shares of Columbia Sportswear (NASDAQ:COLM) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,737 shares of the textile maker’s stock after selling 674 shares during the quarter. Envestnet Asset Management Inc. owned 0.11% of Columbia Sportswear worth $5,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of COLM. Boston Trust Walden Corp boosted its position in Columbia Sportswear by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock worth $107,778,000 after purchasing an additional 3,214 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Columbia Sportswear by 10.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock valued at $101,355,000 after buying an additional 109,488 shares during the last quarter. American Century Companies Inc. raised its position in Columbia Sportswear by 18.0% in the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock worth $74,255,000 after acquiring an additional 134,813 shares during the period. Geode Capital Management LLC boosted its stake in shares of Columbia Sportswear by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock worth $50,328,000 after acquiring an additional 4,727 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Columbia Sportswear by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock worth $47,372,000 after purchasing an additional 13,800 shares in the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM opened at $63.08 on Tuesday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 2.54 and a beta of 0.91. The firm has a fifty day moving average price of $77.39 and a 200 day moving average price of $81.73. Columbia Sportswear has a fifty-two week low of $59.07 and a fifty-two week high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. As a group, research analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.01%.

Insider Buying and Selling

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the sale, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at $1,319,177.88. The trade was a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald E. Nelson sold 6,395 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the sale, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

COLM has been the subject of a number of analyst reports. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price target on shares of Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Citigroup restated a “neutral” rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Finally, UBS Group upped their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a “sell” rating in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and an average target price of $74.80.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.